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DTSTART;TZID=UTC:20200805T150000
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UID:3035-1596639600-1596733200@wuab.org
SUMMARY:Mitigating Sanctions & Compliance Risks across the MENA Region
DESCRIPTION:Webinar (Online Training)\n\n\nBackground\nAs evolving geopolitical risks permeate the MENA region\, adhering to the various sanctions regimes administered by supranational organizations like UN\, EU\, & OFAC becomes more complex and challenging. Whether comprehensive\, targeted or sectoral\, managing sanctions risks remains a top of priority for financial institutions if they are to avoid the burden of heavy penalties and reputational harm. This webinar is expected to provide attendees with the necessary tools and insights on how to design appropriate sanctions compliance program and then align this program with the risk appetite\, and geographic foot print of their institution. Topics to be addressed include sanctions due diligence\, sanctions evasion techniques\, delisting\, characteristics of various sanctions regimes\, licensing\, screening challenges\, sanctions investigations process\, and EU and U.S sanctions frameworks. \nTopics to be discussed\n\nAML/CFT Compliance risks and Sanctions risks: divergence or convergence!\nThe new De-risking wave: cutting financial life lines of respondents\nHow nesting activities and downstream correspondent services contribute to heightened sanctions evasion risks!\nThe 4 components of Sanctions risk\nScratching below the surface to identify UBOs\nEU VS U.S Treasury OFAC’s BRO identification & SCP:\n\nSimilarities & differences\nOwnership thresholds\, aggregate rule and sanctions by extension\n\n\nWire stripping risks from within and without\nImplementing the Travel Rule to mitigate sanctions violations as payments pass through toll gates\nRegulatory expectations\nInitiating a sanction investigation process\nAlert management\, nature of hit generated (true match\, false +ve\, false -ve\, true negative)\, discounting the alert or escalating the case\nAsset blocking and asset seizure: regulatory requirements and international best practices\nLicensing\, permitted activity\, and authorized transactions\nBank’s risk appetite & Ownership of the sanctions risk: Role of the board of directors and senior management\nInternal reporting\, training\, and creating a compliance and corporate governance culture\n\n\n\n\n\nDownload Brochure\n\n\n\nDownload Registration Form\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n                    \n                        \n                        \n                            \n                \n                    \n\n        \n        Location: Sheraton Cairo Hotel – Egypt    \n\n        \n                    \n                    \n\n        \n        Date: November 25 -26\, 2026    \n\n        \n                    \n                    \n\n        \n        Time: 9:00 AM till 3:00 PM    \n\n        \n                    \n                \n                        \n        \n                        \n                        \n                        \n                    \n\n        \n        \n\n\nOverview \n\n\nThe Committee of Sponsoring Organizations (COSO) is a joint initiative of five private sector organizations dedicated to providing thought leadership through the development of frameworks and guidance on enterprise risk management\, internal control\, and fraud deterrence. \nInternal audit is being asked to\nsee further\, respond faster and speak with greater authority. Assurance remains fundamental.\nBut in a banking environment increasingly shaped by artificial intelligence\,\ndigital dependencies\, sophisticated fraud\, cyber risk\, regulatory expectations\nand external volatility\, assurance alone is no longer enough. Boards and senior\nmanagement increasingly need internal audit to identify where vulnerabilities\nare developing\, assess whether resilience is real or assumed\, and provide an\nindependent perspective on risks whose speed and complexity are challenging\ntraditional approaches to oversight. This places the Chief Audit\nExecutive at the centre of a significant shift. The question is no longer\nsimply whether internal audit is fulfilling its mandate. It is whether that\nmandate\, its capabilities and its relationship with the boardroom are keeping\npace with the environment in which financial institutions now operate. Against this backdrop\, The\nInternal Audit Forum 2026\, held under the theme “Beyond Assurance: The Next\nAudit Agenda for AI\, Digital Risk\, Resilience and the Future of the CAE\,” will\nbring together senior leaders and professionals from internal audit\, risk\,\ngovernance\, technology and regulatory functions to examine the priorities that\nare reshaping the audit agenda across banks and financial institutions. Over two days\, the Forum will\naddress some of the most consequential questions facing the profession. What\nshould boards expect from their CAEs today? Is internal audit providing\nsufficient foresight? How should audit approach AI when it is simultaneously\ntransforming the bank and the audit function itself? Where does operational\nresilience become most vulnerable across cyber\, cloud and third-party\necosystems? How should institutions respond to deepfakes\, digital fraud\,\ninsider threats and AI-enabled attacks? And as digital identity and eKYC\ncontinue to reshape banking\, how must assurance evolve with them? The agenda extends beyond technology.\nIt will examine governance and ethics\, remuneration risk\, financial resilience\nin volatile conditions\, environmental and social risk within the credit\nlifecycle\, external dependencies beyond traditional outsourcing\, and the impact\nof wider risk developments on the audit universe. It will also look ahead to\nthe decisions CAEs must make as they prepare their 2027 audit plans and build\nthe teams\, skills and judgement that the audit function of 2030 will demand. The Forum is designed not merely\nto examine individual risks\, but to connect them. AI\, cyber risk\, governance\,\nresilience\, third parties\, regulation and talent increasingly intersect\,\nrequiring audit leaders to look beyond traditional boundaries and assess the\ninstitution as a whole. For CAEs and the professionals\nworking alongside them\, the strategic challenge is clear: to preserve the\nindependence and rigour that define internal audit while ensuring that the\nfunction remains relevant to the risks\, technologies and decisions shaping the\nfuture of banking. \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n The Internal Audit Forum 2026\nprovides the senior-level platform for that conversation. Topics of Discussion: 1. The CAE in the Boardroom \n\n·        \nThe CAE Agenda 2026: What\nShould Boards Expect from Internal Audit Now? \n\n·        \nThe Audit Committee–CAE\nCompact: Is Internal Audit Providing Enough Foresight? \n\n2. AI & the New Audit\nFrontier \n\n·        \nAI in the Bank\, AI in\nAudit: Governing Both Sides of the Equation \n\n3. Trust\, Ethics &\nRegulatory Governance \n\n·        \nGovernance\, Ethics &\nRegulatory Alignment \n\n4. Digital Identity & the Future\nof KYC \n\n·        \nKYC\, eKYC and Digital\nIdentity: Auditing Egypt’s Next Digital Banking Frontier \n\n5. Digital Resilience Under\nPressure \n\n·        \nCyber\, Cloud and Third\nParties: Where Does Operational Resilience Really Break? \n\n·        \nFraud: Deepfakes\, Digital\nFraud\, Insider Threat and AI-Enabled Attacks \n\n·        \nCAE + CIO + CISO: Who\nReally Owns Digital Assurance? \n\n6. When Compensation Becomes\nRisk \n\n·        \nWhen Pay Becomes a Risk\nIssue: What Internal Audit Should Test in Remuneration Governance \n\n7. Auditing Resilience in\nVolatile Times \n\n·        \nAuditing Financial\nResilience in a Volatile Environment \n\n8. The Profession in Focus \n\n·        \nIIA Egypt Updates Session \n\n9. Sustainability Through the\nCredit Lens \n\n·        \nAuditing Environmental\n& Social Risk in the Credit Lifecycle \n\n10. 2027 CAE Playbook \n\n·        \nGlobal Internal Audit\nStandards – One Year On: What Has Actually Changed? \n\n·        \nGeopolitics Meets Banking\nRisk: What Changes in the Audit Universe? \n\n·        \nFive Decisions Every CAE\nShould Take into the 2027 Audit Plan \n\n11. Beyond the Bank’s Four\nWalls \n\n·        \nBeyond Outsourcing: How\nInternal Audit Should Assure the Bank’s External Dependency Ecosystem \n\n12. Building the Audit\nFunction of 2030 \n\n·        \nBuilding the Audit Team\nBanks Will Need by 2030     \n\n        \n                        \n        \n                        \n                        \n                        \n                    \n\n        \n                        \n                                                Download Brochure                                        \n                \n            \n\n        \n                    \n                    \n\n        \n                                                Download Agenda                                        \n            \n\n        \n                    \n                    \n\n        \n                        \n                                                Download Reg. Form
URL:https://wuab.org/event/mitigating-sanctions-compliance-risks-across-the-mena-region/
CATEGORIES:Conferences & Forums
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